Funding and Loan Repayment Programs

The Minnesota Teacher Shortage Student Loan Repayment Program was established to provide student loan repayment assistance to teachers providing classroom instruction in a teacher shortage area in Minnesota. The purpose of the program is to encourage teachers to teach in Minnesota in designated shortage areas. Shortage areas include teacher licensure fields in high demand statewide, geographical regions within the state experiencing teacher shortages and teacher licensure fields in high demand within regions of the state.

For more information, visit this site: https://www.ohe.state.mn.us/mPg.cfm?pageID=2191

The TEACH Grant Program provides grants of up to $4,000 a year to students who are completing or plan to complete course work needed to begin a career in teaching.

As a condition for receiving a TEACH Grant, you must sign a TEACH Grant Agreement to Serve in which you agree to (among other requirements) teach

  • in a high-need field;
  • at an elementary school, secondary school, or educational service agency that serves students from low-income families; and
  • for at least four complete academic years within eight years after completing (or ceasing enrollment in) the course of study for which you received the grant.

For more information on the TEACH grants, visit:
https://wp.stolaf.edu/financialaid/current-student-grants/

There are loan forgiveness programs in which your lender may participate. For more information: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/teacher or
https://wp.stolaf.edu/financialaid/tips-for-repaying-your-student-loans/